FOR THE DAY (07-12-2009)


Domestic markets are likely to open on a flat-to-positive note following the mixed Asian markets.

Traders are advised to trade short if Nifty fails to breach and sustain above 5150, else from 5180 levels with a stop loss placed at 5200 for the targets of 5100/5080.

Alternatively, trade speculative long if Nifty holds 5080 levels else from lower support of 5050 levels with stop loss placed at 5000 targeting higher resistances.

Investors are advised to remain cautious and play levels specific as higher levels may continue to witness profit taking.

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